GST rates slashed

The reduction in the GST slab of 178 items from the original 28% slab and a total of 233 items including this is being implemented from today (Wednesday, 15th November).

GST (Goods and Services Tax) was implemented throughout the country from 1st July this year. The GST slabs of the various items have been brought under 4 GST slabs – 5%, 12%, 18%, and 28%.

With the implementation of this system, the price of some items got increased to an unduly high level. Subsequently, the GST Council conducted a meeting on 10th November. A decision was taken to reduce the tax slab for 233 items. This price reduction is being implemented from today (Wednesday, 15th November).

The GST for 178 items which were in the 28% GST slab has now been brought down to 18%. After this revision, only 50 items will be under the 28% GST slab.